Uncertainty and Austerity at Chesapeake Energy is Making Oklahoma City Anxious

February 8, 2013 | 11:27 AM

Nonprofits are worried. When headlines broke this summer scrutinizing the company and CEO Aubrey McClendon’s “intertwined” finances, Oklahoma charities rallied to support their big benefactor.

These days, nonprofits are anxious about Chesapeake’s plans to cut its charitable spending by half. And recent news that CEO McClendon had been ousted from the Oklahoma City company he founded is making much of Oklahoma City — civic and business leaders, sports fans and 5,000 local Chesapeake employees — anxious.

Chesapeake has taken a leading role in transforming a city that used to be dismissed as a cow town.

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StateImpact Oklahoma is a collaboration of KGOU, KOSU, KWGS and KCCU. Joe Wertz and Logan Layden travel the state to report on the intersection of government, industry, natural resources and the Oklahoma workforce. Read our reports and hear our stories on NPR member stations.